The process of claiming SR&ED tax credits will be smooth and straightforward only if the technical report, supporting documentation and ITC claim forms are submitted in accordance with specific CRA guidelines and within the prescribed time limits.

However, defining, preparing and defending your R&D claims could take time, resources and expertise, which you may not able to commit. At Ascenda, we understand both your constraints, as well as the rules for claiming the tax incentives.

We have a highly experienced and specialized team of financial and technical experts to assist you in preparing SR&ED claims of any complexity, and defending them to ensure that you maximize your tax credits.

 

Our services include the following:

• Preparation of SR&ED technical and financial reports for submission to the CRA

• Assistance in defending the SR&ED claim if audited by the CRA

• Implementation of the SR&ED compliance process within your company to identify SR&ED projects, activities, time, effort and expenditures

• Advice on project management as well as financial and technical documentation that will clearly demonstrate your eligibility for maximum tax credits

• Advice on avoiding pitfalls that can delay the processing of your claim and result in wastage of valuable resources

• Assistance in preparing the project white paper for pre approval by CRA as part of the Pre-Claim Project Review service

• For claimants in Quebec, assistance in project financing against tax credits with Investment Quebec

• Cost-effective service with flexible payment options

We also assist our clients in expanding their business in the growing markets of Asia. As an example, we assisted a very small software company secure a multi-year $ 5 million project in Malaysia.